NASDAQ$CWCO
Consolidated Water Co Ltd · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Revenue increased significantly due to strong growth across all business segments, driven by a return to normalcy post-pandemic.
Consolidated Water reported a strong first quarter with a 68% increase in revenue to $32.9 million, driven by growth across all business segments. Net income attributable to Consolidated Water Co. Ltd. stockholders was $3.8 million, or $0.24 per basic and fully diluted share.
- Total revenue increased 68% to $32.9 million.
- Retail revenue increased 23% to $7.8 million.
- Bulk revenue increased 22% to $9.0 million.
- Services revenue increased 168% to $12.7 million.
Headline financials
Revenue & EPS history
Consolidated Water · Revenue · Quarterly
$32.9M
Revenue by segment
Consolidated Water · $132M total across 4 segments · Q4 2025
- Services$46.3M—35.0%
- Retail$33.6M—25.4%
- Bulk$33.5M—25.4%
- Manufacturing$18.7M—14.2%
Forward guidance
The company remains optimistic about further growth due to the continued recovery of tourism in Grand Cayman, ongoing construction projects in the U.S. and Grand Cayman, and increased project bidding activity in the U.S. and the Caribbean.
Tailwinds
- Continued recovery of tourism in Grand Cayman.
- Ongoing construction projects underway in the U.S. and Grand Cayman.
- Increased project bidding activity in the U.S. and the Caribbean.
- Major multi-year projects secured in 2022 are expected to have an increasing positive impact on earnings.
- Recent activities and successes, and current trends in our markets, represent strong catalysts for continued growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.8%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+14.4%
Q2 2023
Best reaction
-21.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -12.0% | — | |
| Q4 2025 | +0.5% | +3.3% | +3.8% | |
| Q3 2025 | +7.7% | +3.5% | +2.0% | |
| Q1 2025 | -1.7% | -0.6% | +8.8% | |
| Q4 2024 | -6.7% | -8.9% | -16.7% | |
| Q3 2024 | +2.6% | +4.1% | +2.3% | |
| Q2 2024 | +0.3% | +1.3% | -3.6% | |
| Q1 2024 | -6.2% | -2.7% | -16.1% | |
| Q4 2023 | -1.6% | -10.6% | -15.3% | |
| Q3 2023 | +5.3% | +7.9% | +11.7% | |
| Q2 2023 | +14.4% | +31.4% | +48.5% | |
| Q1 2023 | +12.4% | +9.2% | +24.6% | |
| Q4 2022 | +6.8% | +9.0% | +9.9% | |
| Q3 2022 | -21.8% | -10.1% | -11.0% | |
| Q2 2022 | -1.3% | +5.2% | +19.7% | |
| Q1 2022 | +6.5% | +8.9% | +35.2% | |
| Q4 2021 | +5.8% | +14.0% | +4.2% | |
| Q3 2021 | -0.4% | +1.7% | -6.2% | |
| Q2 2021 | -6.9% | -5.7% | -5.0% | |
| Q1 2021 | -0.2% | +6.9% | +6.7% | |
| Q4 2020 | -1.6% | -3.7% | -12.8% | |
| Q3 2020 | -2.8% | -0.4% | +7.0% | |
| Q2 2020 | +0.0% | -0.9% | -11.9% | |
| Q1 2020 | +9.1% | +5.4% | +10.1% | |
| Q4 2019 | +4.9% | -6.9% | -8.9% | |
| Q3 2019 | -6.1% | -7.0% | -3.5% | |
| Q2 2019 | +2.4% | +5.9% | +5.4% | |
| Q1 2019 | +1.2% | +4.6% | +4.9% | |
| Q4 2018 | -3.1% | -4.2% | -5.6% | |
| Q3 2018 | +5.6% | +10.9% | +8.2% | |
| Q2 2018 | +3.4% | +3.0% | +4.9% | |
| Q1 2018 | +4.9% | -1.1% | -4.2% | |
| Q4 2017 | -0.7% | +1.7% | -0.7% | |
| Q3 2017 | -0.9% | +3.9% | +14.8% | |
| Q2 2017 | -3.5% | -2.3% | -6.6% | |
| Q1 2017 | +2.6% | +1.3% | +8.2% | |
| Q4 2016 | -0.5% | -0.5% | +5.6% | |
| Q3 2016 | -8.2% | -6.1% | -2.6% | |
| Q2 2016 | -2.5% | -5.4% | -8.0% | |
| Q1 2016 | -1.7% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | -1.9% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | +6.2% | — | — | |
| Q4 2014 | -9.5% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | +3.8% | — | — | |
| Q1 2014 | -7.3% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | -18.9% | — | — | |
| Q2 2013 | +3.1% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | -4.1% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q4 2009 | -1.2% | — | — | |
| Q3 2010 | -9.0% | — | — | |
| Q3 2011 | -9.0% | — | — | |
| Q4 2010 | +4.2% | — | — | |
| Q2 2010 | +4.2% | — | — | |
| Q2 2011 | +4.2% | — | — | |
| Q1 2010 | +11.0% | — | — |
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